US shutdown unleashes purgatory on IPO market

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US shutdown unleashes purgatory on IPO market

Trump_Pelosi_shutdownPA230x150
US President Donald J. Trump (C) and US Vice President Mike Pence (2-L) meet with US House Speaker-designate Nancy Pelosi (L) and US Senate Minority Leader Chuck Schumer (R), in the Oval Office of the White House in Washington, DC, USA, 11 December 2018. Trump, Pelosi and Schumer had a disagreement on border policy and shutting down the government. | usage worldwide | MICHAEL REYNOLDS/DPA/PA Images

Regardless of when the US government shutdown ends, it will likely have wrought chaos on this year’s IPO market. Staff at the US Securities and Exchange Commission (SEC) have already been locked out of their offices for more than 34 days, frustrating a multitude of issuers that are waiting for the regulator to comment on their registration documentation. Sam Kerr reports.

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